Monday, February 24, 2020

Human Resource Development Essay Example | Topics and Well Written Essays - 2000 words

Human Resource Development - Essay Example As a HR Manager, our company CEO has expressed a similar viewpoint, contending that HRD is unnecessary during the financial crisis and that the HRD budget should be the first to go in case of cost reduction. This is informed by previous actions taken after financial crises, during which this strategy worked. However, the present crisis is starkly different from the earlier ones as it has spread very fast globally and brought world economies close to collapse. This course of action, therefore, may not be as effective as it was earlier. Markets have been steadily decreasing with sales also shrinking; therefore, different solutions are required at company, national, and international level (Caprio, 2012: p54). The current crisis has been compared to the Great Depression, with the remedies used then being implemented by various companies to date (Jungmann et al, 2011: p33). However, serious and vital changes have happened since then. The most important difference is the change in the nat ional economy structures. Compared to the Great Depression era, the service sector has grown in significance with the industrial and agricultural sectors decreasing. This has meant that there has been an extensive strengthening in an area where connection to the material processes has been secondary, even as employment factors have remained significant (Fuchita et al, 2010: p65). Productive capital is to be found embedded into the employee’s and their work. This paper will seek to show that corporate methodology for dealing with the current crisis cannot follow earlier patterns by cutting funding to Human Resource Development L&D. This is informed partly by the character of the present crisis. This is especially factual for a company where intangible assets, have a vital role to play and where production is linked to knowledge instead of tangible assets. The Role of Learning and Development in Times of crisis The management of crisis and their solutions appears time to time i n the media. This usually involves reduction of working time for employees, lay-offs or cuts to Human Resource Development. In most cases, the organizations have no choice with regards to avoiding insolvency or bankruptcy. Cutting funding to Human Resource Development, however, offers short-term solutions while leading to long-term problems (Lazear & Michael, 2009: p44). One assumption made regarding knowledge management is that human capital and information play a more significant role in the input process. A significant part of the organization’s value lies with human capital, i.e. the knowledge in its employees possession, which is a crucial factors as far as improved corporate performance and competitiveness are concerned (Lazear, 1998: p10). Faced by a crisis, however, an organization may begin paying inadequate attention to the retention of knowledge that is lay-offs as well as the improvement of knowledge for its employees. Most companies will utilize a â€Å"lawnmowe r principle† with an aim to reduce costs by trying to economize on their highest components of cost; wages and Human Resource Development (Buckley & Jim, 2009: p22). This strategy, however, is limited in its effectiveness. Cutting costs involves the sacrifice of resources in order to increase profit, with whoever is tasked to examine resource utilization attempting to cut costs by all means possible. Costs, however, occur during operation and not at the investment point. Assets improve profits and costs need

Friday, February 7, 2020

Assignment 3-2 Example | Topics and Well Written Essays - 500 words

3-2 - Assignment Example If we talk about religious practices, then rituals may not be a command by the Almighty but only a spiritual satisfaction for those performing these. However, in worldly terms, performing rituals may be a means of reinforcing societal connections and showing reverence or attachment to the other members of the community. People may be performing rituals so as to get themselves socially compatible with their contemporaries. In a Muslim society like ours, the religious rituals that are followed by Muslims are the five basic pillars of Islam (Zahid, 2009) namely confession of faith (shahadat), five times prayers a day, fasting in the month of Ramazan, Alms tax (Zakat), and pilgrimage (Hajj). Along with these, some people have created many rituals that have nothing to do with religion. For example, cooking food in the name of Allah and distributing it (commonly known as khatam shareef) with the purpose of reward thwab, is a common ritual. It has no logical significance but is being practiced widely. As far as social rituals are concerned, along with some which might be good, there are many which are actually harmful in many cases. For example, the concept of dowry is totally misunderstood in today’s society. Dowry has become a ritual that the bride’s family has to practice, which is totally different from what the Almighty has ordered. Dowry (Meher) is, in fact, the sum of money or any gift given from the bridegroom to the bride as per Allah’s laws. But nowadays, dowry is understood as that sum of money or gifts that the bride’s family is liable to give to the bridegroom (jahez). This has become a common ritual which is not at all within the boundaries of religion, and in fact, reverses a command of religion and, in many cases, becomes a curse for the innocent bride. A religious ritual that is observed in my family is getting together of family members at every Thursday after somebody’s death, and also after forty days of death, for the purpose of